Author: Jeff Pietsch

Most internals are aligned with our Daily Market Sentiment reading, which is to say, negative.  However, in spite of the weak internals, price is holding up relatively well with the SPY holding its daily pivot at the...

Friday’s lateral trade resolved itself to the upside this morning, and strongly so.  No doubt the gap up and immediate support at SPY R1 scared out remaining shorts.  Internals remain nicely bullish, but I note...

(Click Image to Enlarge/ Glossary)Ten percent-plus unemployment be damned, the S&P500 (SPY) finished the week up +3.4% for its first positive performance in a number of weeks.  While the back-to-back plus days last week...

The market held firm at the daily SPY pivot in-spite of the jobless rate report and initial dip.  In fact, internals have been aligned to the upside since mid-morning, although they have just now found some potential...

Chatzy went down “for an upgrade”…. in the middle of the day hmmm.  Well, here is an alternative room:http://www.chatzy.com/912160072588See you there, Jeff

Equities prices began to struggle as they neared the prior reaction bounce highs from October 29th.  Today’s economic news was largely positive, but naturally there will still be trepidation going into...

Internals started out in trend-day-like fashion, only to hit the typical pre-FOMC announcement plateau and I note disconcerting relative weakness in the broader Russell 2000 (IWM). Nevertheless, this market remains oversold and...

October finally put a halt in the road for equities’ historic seven-month run off of the March lows, leaving the S&P 500, Dow Jones Industrials and NASDAQ 100 cash indices mixed at -1.98%, +0.00% and -3.02%,...

The opening lows held on their first retest, prospectively marking a higher low.  However, to maintain that outlook, internals are going to have to turn it around here, as they remain marginally negative.  The Semis...